A firm experiencing constant economies of scale will have a long-run average cost curve that is:
A) upward sloping
B) vertical
C) downward sloping
D) horizontal
Correct Answer:
Verified
Q23: The marginal cost curve:
A)Usually declines initially as
Q24: You would expect that your firm is
Q25: As a table manufacturing company produces more
Q26: You would expect that your firm is
Q27: Diseconomies of scale are also known as
A)Increasing
Q29: When there are economies of scale,
A)per-unit costs
Q30: When a firm is experiencing decreasing marginal
Q31: Which of the following is true
A)Increasing output
Q32: Average costs
A)fall at all levels of output
B)are
Q33: If long run average costs fall with
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